TicTail raises $8m series-A round

The company will use the fresh funding to open an office in New York. 

In October 2012, Balderton Capital, Zurich-based angel investor Klaus Hommels and six other angels committed €1.2m to TicTail in exchange for a minority stake. In November 2013, Project A Ventures committed a further €600,000 in an extension of the firm's earlier funding round. 

Company
Founded in Stockholm in 2011, TicTail is an online e-commerce platform that allows users to set up their own virtual store. The firm has 35,000 stores on its platform, up from around 5,000 in 2012. 

TicTail operates a freemium model. Users can purchase optional third-party developer add-ons to increase the functionality and look of their store. The firm takes a 30% cut of add-on sales.

People
Josh Kushner is CEO of Thrive Capital.  

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